SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2019

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Accounts of the Company and its Wholly Owned Subsidiaries

The consolidated financial statements include the accounts of Premier Financial Bancorp, Inc. (the “Company” or “Premier”) and its wholly-owned subsidiaries:

			Unaudited December 31, 2019
Subsidiary	Location	Year Acquired	Total Assets		Net Income
Citizens Deposit Bank & Trust	Vanceburg, Kentucky	1991	$	552,704	$	6,012
Premier Bank, Inc.	Huntington, West Virginia	1998		1,220,801		20,505
Parent and Intercompany Eliminations				7,505		(2,321	)
Consolidated total			$	1,781,010	$	24,196